PMC Bank embraces IBM Infrastructure

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

 

Punjab and Maharashtra Coop. Bank Ltd. (PMC) have selected the IBM Smarter Computing approach to IT to accelerate its growth and reach in the fast-developing financial services landscape in India. PMC Bank chose to migrate its applications including core banking to an IBM infrastructure with Power Systems to support the growing needs of its more than 66 branches, two extension counters and ATM network, while strengthening its online presence through remote banking.

"We want to offer our clients a banking experience which is easier, faster, more convenient and secure. We also want to enhance the role of our branches and let them focus on providing financial services advice and counsel, while leaving the transactions part to the IT infrastructure," said H. Krishna Karanth, General Manager, PMC Bank.

“Banks and financial institutions have achieved reduced operating costs with high performance for many years with IBM Power Systems. For PMC Bank, our goal is to provide a technology roadmap which will also assist the bank sustain its long-term growth. The choice of an IBM Smarter Computing solution over competitive platforms reaffirms our leadership in the Indian UNIX server market,” said Viswanath Ramswamy, Director, Power Systems, IBM India South Asia.

PMC Bank implemented IBM Power Systems built with IBM BladeCenter H, POWER7 blades, AIX operating system, IBM Storwize V7000 storage system and IBM Tivoli Storage Manager. 

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